Using each and every line item of data found below (an Excel spreadsheet with the data is found on Blackboard), re-create the companys balance sheet and income statement in a reasonably correct manner. In addition, create a two-year vertical common-sized balance sheet and a two-year vertical common-sized income statement for all items listed on the balance sheet and income statement. Round the percentages to one decimal place (e.g., 11.6%).

	2018	2017
Accounts payable	528	584
Accounts receivable	1,225	453
Accrued expenses	759	555
Accumulated other comprehensive income	(8)	6
Cash	$315	$108
Common stock and additional paid-in capital	8,855	8,472
Current portion of long-term debt	136	70
Deferred income taxes	4	16
Deferred revenue	11	85
Earnings before taxes	376	(22)
Equity method investments	58	60
Gain (loss) on sale of fixed assets	15	0
Goodwill	299	289
Gross fixed assets	1,055	1,001
Gross profit	2,447	1,787
Income/(loss) from equity method investments	(2)	(7)
Inventories	745	845
Less: Accumulated depreciation	707	739
Less: Amortization expense	91	67
Less: Cash operating expenses	1,783	1,516
Less: Cost of goods sold	4,028	3,466
Less: Depreciation expense	94	77
Less: Interest expense	121	126
Less: Treasury stock	125	108
Long-term debt	1,294	1,324
Marketable securities	841	1,077
Net fixed assets	348	262
Net income	$315	($40)
Operating income (EBIT)	479	127
Other current assets	404	151
Other current liabilities	490	178
Other intangible assets	192	200
Other long-term investments	34	36
Other noncurrent assets	95	71
Other noncurrent liabilities	88	102
Other nonoperating income (expense)	5	(16)
Retained earnings	(7,536)	(7,774)
Sales	$6,475	$5,253
Short-term debt	45	35
Tax expense	61	18
Taxes payable	15	7
Total assets	$4,556	$3,552
Total current assets	3,530	2,634
Total current liabilities	1,984	1,514
Total equity	1,186	596
Total liabilities	3,370	2,956
Total liabilities and equity	$4,556	$3,552